Mazda 2007 Annual Report Download - page 13
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Please find page 13 of the 2007 Mazda annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.persons using their own initiatives will
make a significant difference when it
comes time to take actions, versus the
traditional top-down scheme.
Rather than simply becoming one of
the largest automobile manufacturers,
our aim is to be admired and trusted by
our stakeholders. To that end, we will
continue to offer the products and
services that only Mazda can, and always
provide an exhilarating ownership
experience. Our long-term vision is
underpinned by four core concepts: the
brand, product and technology, supply
and manufacturing, and people. We will
work to establish a firm financial
framework by intensifying the synergies
between ourselves and Ford, as well as
by reinforcing the Mazda brand as we
pursue the “Zoom-Zoom” spirit and
making our business more efficient.
What are the targets of the new
mid-term Mazda Advancement Plan?
This new plan will run from fiscal 2007
through fiscal 2010. The plan’s objective
is to further strengthen the foundation
that was built during Mazda Momentum
so as to promote long-term, sustained
growth. Targets for fiscal 2010 have been
set accordingly, as follows: we will achieve
retail sales exceeding 1.6 million units
worldwide, operating income over ¥200
billion and a 6% operating income ratio.
Plans also call for stability in dividend
payments and steady improvements in
our dividend payout ratio.
First, we will achieve our growth plan
in terms of worldwide retail sales by
reinforcing our products and our key
markets. Plans call for increasing sales
by at least 20% over the four-year life of
the plan. We intend to concentrate
particularly on the Chinese market,
where plans call for doubling our sales.
7
Mazda will also strive for greater sales
growth than was achieved in the fiscal
year in review in North America, Europe
and other markets. Plans include
maintaining our current sales figures in
Japan, where we foresee continued
challenges in the tough operating
environment.
We are making progress toward our
operating income target over ¥200 bil-
lion through sustained product-led
growth and cost reduction. We forecast
that factors external to Mazda’s
operations, which may include but are
not limited to, rates of exchange,
commodities markets and sales
environments, will become increasingly
severe over time. Despite these
conditions, we will bring our operating
income ratio to 6% while making
forward-looking investments.
As with Mazda Momentum, we will
make Mazda’s unique brand bigger and
stronger, while leveraging our synergies
with Ford to the utmost. During the
Mazda Advancement Plan period, we
will accelerate our structural reform
centering on Monotsukuri Innovation
and to strive for steady progress. At the
same time, we will continue to maintain
our current trajectory of growth.
Achieving our fiscal 2010 targets is not
easy and will require initiative and
determination, qualities that we are
bringing to bear.
Q
Global Retail Volume 1.60+ Million Units
Operating Income ¥200.0+ Billion
Operating Income
Ratio 6%
Dividend Payout Ratio Improve steadily
Fiscal 2010 Targets